The Apprentice is back tonight: Meet the candidates, from the cannon-firer to former Barclays banker January 5, 2023 The candidates for the next season of BBC show The Apprentice have been announced, with a former Barclays banker among those hoping to entice Lord Alan Sugar to invest £250,000 in their business idea. Now in its 17th season, the show, which sees contestants complete tasks in order to demonstrate their entrepreneurial prowess, has launched [...]
Property boss urges Sunak to ditch tax breaks for eco-friendly home owners in 2023 January 4, 2023 Plans to offer stamp duty refunds to home owners who make their properties more eco-friendly are simply “a bad idea,” one of Britain’s largest property associations has told City A.M.. Banks last year urged the Government to incentivise changes by refunding stamp duty to buyers who pay for green upgrades within two years of making [...]
Experts predict house prices will fall in 2023 – but it’s not all bad news for homeowners January 4, 2023 Homeowners can expect to see house prices fall this year by as much as six per cent over the year, according to a leading property association. The boss of the National Association of Property buyer Jonathan Rolande does though expect activity and demand to pick up in the summer months. ““This will negate some of [...]
Awards 2023 January 4, 2023 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Confirmed: Home REIT investment adviser distances itself from troubled firm ahead of US listing January 4, 2023 Home REIT’s investment adviser, Alvarium, has sold off the division responsible for managing the property firm’s portfolio in a move that distances itself from the troubled housing provider ahead of a US public listing today. Home REIT, which invests in social housing for people without a fixed address, has been targeted by short sellers over [...]
London rental market: Why rents might finally stop climbing so fast in 2023 January 3, 2023 London’s rental market is showing signs of “stabilising” with prices beginning to slow despite demand remaining high – meaning rents may finally start to slow their aggressive recent climb in the capital. Estate agency Chestertons has warned that 2023 will still be disrupted by pandemic shifts in supply, but renters may have an easier time [...]
The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
Grocers set for £550m tax reduction over next three years January 3, 2023 UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis. It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes. Analysis of official government [...]
House prices: First-time buyers fell last year – and crash may not be as drastic as predicted January 3, 2023 A predicted fall in house prices may do little to change the prospects for first-time buyers in London The number of first-time buyers is estimated to have fallen by around nine per cent in 2022, according to analysis by a building society. Across the UK, the number of people taking their first step onto the [...]
London house prices: How bad will the crash be in the 2023 recession? January 1, 2023 London house prices are expected to fall this year as interest rates rise and the recession bites – but will it be a small slide or a full-blown crash? Property experts are torn A housing market cooldown is expected in 2023 but prices will remain higher than before the coronavirus pandemic started, experts have suggested. [...]